FX.co ★ TSX Futures Edge Lower Ahead of BoC Meeting

Futures linked to the S&P/TSX Composite Index slipped on Wednesday as investors weighed rising tensions in the Middle East and looked ahead to the Bank of Canada’s interest rate announcement. Crude prices advanced as the deepening conflict heightened fears of global supply disruptions. The resulting increase in energy costs rekindled inflation concerns, pressuring financial shares and the broader market. The Bank of Canada is widely expected to leave its key policy rate unchanged at its July meeting later in the session. In corporate news, Cogeco Communications is scheduled to report its third-quarter results later today. On the economic front, Canadian manufacturing sales climbed 1.3% month over month in May to a record C$78.1 billion.